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Stock-token transfers rose in Binance Research's quarterly comparison
The report compares onchain transfers in Q1 and Q3; a transfer total counts repeated movements and is not the value of newly issued securities.
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Contact the desk →Binance Research reports that onchain stock-token transfers exceeded $100 billion in the third quarter of 2026, compared with $6 billion in the first quarter. The figures describe transfers over each period, rather than the value of tokens outstanding.
That distinction changes how the growth should be interpreted. Moving an existing token multiple times can increase the transfer total without increasing the amount of underlying securities represented.
What can be concluded
The comparison supports a report of greater measured transfer activity. It does not show that $100 billion of new money entered the market, nor that every movement was an exchange trade.
For this measure to inform adoption analysis, readers need the same asset coverage and counting method in both periods. RWA Wire therefore keeps the figure attributed to the report and separates it from market capitalization. This article examines transfer activity; the linked market-size report covers outstanding value.
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Key takeaways
- //Transfer volume does not by itself establish trading volume or fresh investment inflows.
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